6109 N Colton St, Spokane, WA 99208

Choose nearby businesses to show on the map:

Building Details:

• Year Built: 1977

6109 N Colton St is located in Spokane, WA.

Exceptionally clean and well maintained 17 unit apartment building in North Spokane near hospitals and medical facilities. It includes 5-2br and 12 - 1br units. The marble crete exterior and newer roof will continue to provide low maintenance for years to come. This analysis is based on proforma guaranteed income for the first year of $425 for the 1-br units and $525 for the 2-br units and offset by 2011 expenses to include 6% plus lease up bonus management fees which are customary in the area . Seller will guarantee rents in first year as offset by 2011 gross rents. For self management and full occupancy, the cap rate rises to 7.84. See Flyers for a potential 8.84 cap.